企业
De Nora is a partner in X-SEED, a new European-funded project to boost renewable hydrogen production.
09/18/2024 - 08.30 AM
Milan, 18th September 2024 – Industrie De Nora, an Italian multinational company specializing in electrochemistry and a leader in sustainable technologies and the emerging green hydrogen industry, is a partner in X-SEED, a European-funded project aimed at developing a supercritical electrolyzer capable of generating renewable hydrogen more efficiently and at lower production costs compared to electrolyzers currently used in the industrial sector.
The project, coordinated by Leitat, a nationally and internationally recognized technology center accredited by ACCIÓ and recognized by the Ministry of Economy and Competitiveness, involves several European industrial and academic partners, including De Nora, Snam, Particular Materials, and the Technical University of Denmark. It is co-financed by the European Union and supported by the Clean Hydrogen Partnership.
The new technology will make renewable hydrogen production more economically competitive. It could potentially be used in a wide range of applications, such as vehicles, electricity generation, industrial processes (steel, cement, and fertilizers), and many others, contributing to the decarbonization of our economy.
De Nora plays a key role within the consortium, being responsible for the design of the supercritical cell and stack, where it will test the electrodes developed for the project.
De Nora
Industrie De Nora is an Italian multinational company listed on the Euronext Milan stock exchange specializing in electrochemistry, a leader in sustainable technologies, and plays a vital role in the industrial green hydrogen production chain. The company has a portfolio of products and systems to optimize the energy efficiency of critical industrial electrochemical processes and a range of products and solutions for water treatment. Globally, Industrie De Nora is the world's largest supplier of electrodes for the major industrial electrochemical processes (serving a broad portfolio of customers operating in the fields of chlorine and caustic soda production, components for electronics, and surface finishing). Industrie De Nora is among the world's leading suppliers of water filtration and disinfection technologies (for the industrial, municipal, and swimming pool sectors). Leveraging its well-established electrochemical knowledge and proven manufacturing capability, the Company has developed and qualified a portfolio of electrodes and components to produce hydrogen through the electrolysis of water, which is critical for the energy transition. In this sector, the company holds 25.85% of thyssenkrupp nucera AG &Co, a joint venture formed with thyssenkrupp group. KGaA. Founded in 1923, Industrie De Nora generated total revenues of around EUR 856 million and an Adjusted EBITDA of approximately EUR 171 million in 2023. The Company's growth process has developed organically through its continuous innovation as regards external lines through acquisitions in the U.S., Asia, and Europe. De Nora's intellectual property portfolio currently includes more than 281 patent families with more than 2,800 territorial extensions. The De Nora family owns 53.3% of the company's share capital. Snam S.p.A. is a minority shareholder with about 21.6% of the capital.
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